Despite the infrastructure 'boom', the industry has failed to adhere to the momentum expected from it in terms of project execution. Janaki Krishnamoorthi delves into the reasons behind this and discovers that corruption, lack of transparency and rigidity must be eradicated for India to live up to its potential.
The June-September 2010 has been the worst quarter for construction industry. Prolonged monsoon and heavy precipitation have impacted operations of infrastructure projects while governments, both at Centre and states, were slow in awarding new contracts, analyses.
The October-December 2010 quarter saw the highest growth in topline among the past five to six quarters, but profitability remained sluggish, with the quarter posting decline of five per cent in net profits.
Delivering stability, integrity and quality in each of its projects, Sadbhav Engineering Ltd has grown manifold since its inception with diversified operations in roads and bridges, irrigation and mining, covering the length and breadth of India.
Established in 1922, Gammon India has been built on a legacy that has stood the test of time. Among the largest physical infrastructure construction companies in India, with a presence across all sectors of civil engineering, design and construction, its track record spans landmark projects built over decades.